Auto component industry grows 12.6% to ₹2.98 lakh cr in first half of FY24
Exports of auto components grew 2.7% to $10.4 billion (₹85,870 crore) in H1 FY24 from $10.1 billion (₹79,033 crore) in H1 FY23.
auto components industry
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Indian ancillaries cautious amid US auto workers' strike
North America accounts for 32% of the domestic auto components exports.
Tesla to source auto components worth up to $1.9 bn from India this year: Piyush Goyal
Goyal's statement comes amidst Tesla's plan to enter the highly competitive domestic automobile industry.
ACMA watchful of recession fears in Europe; Covid lessons handy if cases spike
The automotive component industry grew by 34.8% in the first half of this fiscal, after it recorded its highest-ever turnover last fiscal.
Demand for auto components to remain buoyant despite weak exports: ICRA
Auto ancillaries have started witnessing a healthy ramp-up in revenues with a steadily rising share of EVs, where content per vehicle is expected to rise considerably.
Auto component makers plunge into a well of uncertainty
The automotive ecosystem got a rude awakening when the rug of the import-laden supply chain was pulled from under its feet — first during the lockdown, and then due to rising geopolitical escalations.
